Governance

Tata Global Beverages Limited aims to deliver long-term value for our shareholders
by providing products and brands that consumers enjoy — without compromising
on integrity, our environmental and social obligations, or regulatory compliance.

We have clear management processes and policies in place that ensure this is the
case — they also guarantee transparency and openness in everything we do,
at every level of our Company.

Our corporate governance system

Our corporate governance system meets international standards and the best practice.
The system:

Ensures we operate within accepted standards of propriety, fair play and justice.

Enables all our employees to voice any concerns they have, openly and without fear
or inhibition.

Provides a Tata Code of Conduct covering every employee, including our Executive
Directors.

We also operate in accordance with our Tata Business Excellence Model, Code for
Prevention of Insider-Trading and Code of Corporate. Tata Non-Executive Directors
are also covered by a condensed Code of Conduct.

Our Code of Conduct

We operate in line with a comprehensive Code of Conduct, which applies to all our
employees — including our Managing and Executive Directors. The Code is accessible
to everyone who works for our Company. Read the
Tata Code of Conduct.

Meeting our social and environmental obligations

We have systems in place that encourage and recognise employees’ participation
in environmental and social initiatives that support our aim to be a sustainable
business and also benefit the wider community.

Our corporate governance structure

Our corporate governance structure ensures that corporate governance is made a priority
at every level of our Company. It assigns responsibility and accountability to individuals,
Board committees and management teams.

Our board of directors

As of 1st January, 2016, the Tata Global Beverages Board is made up of
11 Directors — including the Chairman (currently Non-Executive), 2 Executive
Directors and 8 Non-Executive Directors, out of which 6 are Independent Directors.
The Board holds overall responsibility for all aspects of corporate governance and
ensures that we operate in-line with all relevant processes and policies.

Our ethics and compliance committee

The Committee, which comprises 3 members, ensures that we operate at all times in-line
with external and internal insider trading guidelines and the Tata Code of Conduct.

To raise a concern, or to know more about our code of conduct, please write to ethics@tgbl.com.

Corporate sustainability reporting committee

The Committee monitors and guides the policies that we have put in place, covering
environmental management, social responsibility, health and safety, and product
stewardship.

Our Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship
Committee and Executive Committee also play an important, if more, indirect role,
in ensuring that we maintain the highest standards of corporate governance in every
aspect of our operations.